0000950136-97-000761 Sample Contracts

RECITALS
Purchase and Sale Agreement • June 23rd, 1997 • Insignia Financial Group Inc • Land subdividers & developers (no cemeteries) • New York
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AGREEMENT OF JOINT FILING -------------------------
Joint Filing Agreement • June 23rd, 1997 • Insignia Financial Group Inc • Land subdividers & developers (no cemeteries)

SP IV Acquisition, L.L.C., Market Ventures L.L.C., Liquidity Assistance L.L.C., Insignia Financial Group, Inc. and Andrew L. Farkas agree that the Statement on Schedule 13D to which this Agreement is attached as an exhibit, and all future amendments to this Statement, shall be filed on behalf of each of them. This Agreement is intended to satisfy the requirements of Rule 13d-1(f)(1)(iii) under the Securities Exchange Act of 1934, as amended. This Agreement may be executed in any number of counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

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